The MACD and Volumes indicator is a useful tool for forex traders using the MT4 platform. It is a popular indicator that is widely used by traders to gauge market momentum and volume. The indicator combines two key elements – the Moving Average Convergence Divergence (MACD) and volume – to provide insights into market trends and potential reversals. The MACD component of the indicator helps traders identify changes in momentum, while the volume component gives an indication of market activity. By analyzing these two factors together, traders can make more informed decisions about when to enter or exit trades. The best part is that the MACD and Volumes indicator is free to use, making it accessible to all traders. Simply install the indicator on your MT4 platform and use it to enhance your trading strategy.
MT4
MACD And Volumes
MACD and Volumes is a useful forex indicator for MT4 that combines the MACD indicator with volume analysis. This popular indicator is free to use and provides traders with valuable insights into market trends. By analyzing both price trends and volume levels, traders can make more informed trading decisions. Use MACD and Volumes to enhance your forex trading strategy.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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